Bermuda’s IT sector contributed more than $220 million to the Island’s economy last year.

Information technology made up 3.9 per cent of the gross domestic product (GDP) — a total of $222 million — according to a report from the Department of Statistics.

That was down from $229 million in 2013.

Capital investment in information and communications technology (ICT) grew by 5.7 per cent to $81 million in 2014, compared to $70 million the year before.

The increase reflected a 38.3 per cent increase in the purchase of computer software.

But the number of people working as IT professionals fell by more than a quarter last year compared to 2013 — down 78 jobs.

And the number of IT-reflated jobs also fell, down 130 posts (15.5 per cent).

IT-related posts accounted for 2.1 per cent of jobs in 2014 compared to 2.4 per cent the year before.

The report stated: “The majority of companies surveyed (62.5 per cent) did not outsource their ICT needs in 2014.

“Nearly three out of 10 companies (28.8 per cent) outsourced their IT needs to other local companies and approximately one in every ten companies (8.7 per cent) outsourced their ICT needs overseas.”